A day of consolidation that brought interesting news. Indicators measuring the psychology of the market are pointing out to more and more confidence from market participants and put/call ratios are showing clear speculation from this category of investors, our ten day oscillator for the CBOE stands at the lowest level ever. The weekly survey among professional active managers put into evidence the same level of optimism that prevailed in late February before the fall. The only sentiment indicator that is still neutral is the one reported yesterday measuring the psychology of private investors. On the other side, internal momentum measured by the advance/decline line is strong reflecting the broadening participation of sectors that have been battered recently.